Wells Fargo Commercial Mortgage Securities, Inc. filed a Current Report on Form 8-K indicating that C-IV Asset Management LLC has been appointed as the special servicer for two specific loans within the BANK 2020-BNK30 pool. The loans identified are the 605 Third Avenue Mortgage Loan and the McDonald's Global HQ Mortgage Loan.
The appointment follows the completion of a transaction on September 1, 2026, in which Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C-IV AM. Under this transfer, C-IV AM assumed all duties, responsibilities, and liabilities of the special servicer arising from the closing of the transaction.
C-IV Asset Management is a wholly-owned subsidiary of C-IV Capital Partners LLC. The filing notes that the key employees previously performing duties for Greystone special servicing have transitioned to C-IV AM or its affiliates and will continue to perform their roles in substantially the same capacity.
The filing provides background on C-IV AM’s servicing capabilities and history. As of June 30, 2026, Greystone was the special servicer for approximately 60 transactions with an aggregate stated principal balance of approximately $20.7 billion. C-IV AM has a track record of resolving or participating in the resolution of 6,017 total assets with an aggregate principal balance of approximately $60.7 billion since its inception in 2002.
The company has received ratings from major credit rating agencies, including a “MOR CS2” rating from Morningstar DBRS and a “CSS2” rating from Fitch. C-IV AM is also listed on S&P’s Select Servicer list. The filing states that C-IV AM has not been the subject of a servicer event of default or termination event in any securitization transaction for which it acted as special servicer.
